Exam 1: Introduction to Operations Management

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Operations managers can analyse a company's operations using the 4 V's. What are these?

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The combination of production and service in an operation is often referred to as______________?

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What is meant by the hierarchy of an organization?

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What is an organization made up of a number of different businesses called?

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Operations management is simply defined as the _____________ and ___________ of the production of manufactured goods and delivery of services.

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What is the term used for an organization where there are few layers of management between the chief executive and the workforce?

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Two of the 4 differences between services and manufactured products identified in the research of Sasser et al. (1978) are intangibility and simultaneity. What are the other two?

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What is the variability of a product or service?

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Operations management is defined as the process which converts ________ into ________

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What is meant by heterogeneity of a service?

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